Rit Capital Partners Share Discussion Threads

[a1samu] 06/4/2021 14:15

On 12.3.2021 JPM calling this overweight with NAV of 2550p after Coupang IPO.

[robertball] 31/3/2021 08:08

Coupang stable

[a1samu] 30/3/2021 20:51

Received Annual Accounts this morning, with notice of AGM 2021 dated 29 March 2021.

[panshanger1] 22/3/2021 08:24

New ATH 2430

[kiwi2007] 18/3/2021 06:25

Nothing in it that we don't already know. However Questor does rate RIT a BUY.

Coupang unsurprisingly heading closer to it's floatation price, closing at $43.29 in the US..

[panshanger1] 18/3/2021 05:48

Questor covering RIT in Telegraph today

[olliemagern] 15/3/2021 15:02

Coupang must have been on the books at around $15.3 per share.
A !00% increase would be $30.6, and a 200% increase would be $45.9.

[a1samu] 15/3/2021 13:33

First invested in Coupang in 2018 when it was shown at a value of £56.3M. It was at a value of £56.4M in 2019 and at £72.9M @ half year 2020. At 31.12.20 this holding was valued at £140.8 or $192.2..

[kiwi2007] 15/3/2021 01:56

So Coupang were on the books at $22.4'ish ? Is that right? Big jump if so.
Anyway, even though this is my biggest holding by far in any market and I do expect Coupang to drop back a bit, I did top up again at last orders.

[olliemagern] 12/3/2021 15:02

Coupang South Korea's answer to Amazon was priced at $35 in yesterdays IPO, and closed at $49.25 on first day.
Raised $4600m and now valued at $84,500m.
Coupang delivers around 3 million orders per day.

Coupang at $49.25 means RIT NAV is now 2511p.
If Coupang stabilises at $47.2 means RIT NAV would be 2500p

With private investment gems like this, RIT should trade at NAV or a small premium, maybe next month...

[aspringo] 12/3/2021 11:51

Agree as youve said a profit is always good, but when buying this you're not looking at a racy investment, so if selling and recycling the money, where are you putting it?

[panshanger1] 12/3/2021 10:41

Yes - fair enough some profit taking after a nice run NAV update at end of March will be interesting Recent moves don't take into account likely uplift and still offering great value IMO GLA

[essentialinvestor] 12/3/2021 08:23

I'm all out on that, luck to holders.

[panshanger1] 12/3/2021 08:14

An increase of 8.4 % in RIT NAV!Superb

[this_is_me] 12/3/2021 08:04

So that is why the share price shot up yesterday!

[18bt] 12/3/2021 07:16

What a cracking update on NAV and the uplift expected from Coupang

[panshanger1] 11/3/2021 08:15

New all time high Still well under NAV for this under appreciated trust GLA

[a1samu] 05/3/2021 10:41

On page 3 of the 2019 accounts, Sir James Leigh-Pemberton boasted as "we recognise that for many shareholders, dividends are important, and our significant reserves give us the flexibility to support our policy of maintaining or increasing the annual dividend.

What is wrong with this is that there is no dividend policy or specify what is meant by capital growths. Everything has rules, which they seem to neglect! So the company should define dividend policy and define produce capital growth and at what stage the accumulated wealth might be distributed!

[essentialinvestor] 05/3/2021 09:52

Not an income focussed trust.

Capital preservation and capital growth trust.

I would prefer the minimum payout permitted to maintain investment trust
status and selective purchases of their shares when trading below NAV, as now.

[a1samu] 05/3/2021 08:08

In 2012 the divi was increased from 4p to 28p. I am hoping for something similar sometime soon, when divi will be increased from 34p to 340p. Not an impossibility! But to increase divis by 0.7% is a poke in the eye when the company made £500M increase in NAV in 2020.

[essentialinvestor] 04/3/2021 09:01

Definitely, I've highlighted that many times recently!

particularly the % discount.


And also their 2020 NAV performance is underestimated.

It's a very credible performance.

[panshanger1] 04/3/2021 08:59

Still on a 7 % discount EI but as they say nothing wrong with .....

[essentialinvestor] 04/3/2021 08:13

Getting some deserved attention now, taken some off the table.

[essentialinvestor] 03/3/2021 10:33

kiwi, are you still ...watching .